Issue 1366 - 18 February 2020

HEADLINES IN THIS ISSUE

  • Duduzane Zuma named in draft probe into irregularities at Pakistan bank
  • Witness to blow lid on Dudu Myeni: 'My evidence will not favour her', Mr X tells Zondo commission
  • De Ruyter cracks whip at Eskom: Lifestyle audits extended to lower level staff
  • SONA 2020: Business bodies welcome certainty on energy but plead for urgency
  • DA finds ‘dead cow, a victim of corruption virus’ on trip to Vrede dairy farm
  • And more...

 

Duduzane Zuma named in draft probe into irregularities at Pakistan bank

A Middle East operation of Pakistan’s largest bank displayed “significant irregularities” in dealings with politically exposed clients and screening some transactions, according to an inspection by the South Asian nation’s central bank that took place more than a year after the lender was shut out of the US financial system. Fin 24 -17 February 2020 - click here

Witness to blow lid on Dudu Myeni: 'My evidence will not favour her', Mr X tells Zondo commission

An in-camera witness appearing before the commission of inquiry into state capture told the commission on Monday that his evidence will destroy his relationship with former SAA head Dudu Myeni as "it will not favour her". News 24 - 17 February 2020 - click here

De Ruyter cracks whip at Eskom: Lifestyle audits extended to lower level staff

De Ruyter spoke about lifestyle audits in a speech delivered to staff this week.He called for a range of measures to curb reckless spending, end corruption, and stabilise operations. The CEO was addressing Eskom staff during an employee engagement meeting in Cape Town on Thursday, according to a source with direct knowledge of the meeting.
News 24 -16 February 2020 - click here 

 SONA 2020: Business bodies welcome certainty on energy but plead for urgency

Organised business groups have cautiously welcomed some of the economic promises in President Cyril Ramaphosa's State of the Nation Address on Thursday, but called for a greater sense of urgency and the articulation of a clear long-term vision to boost SA's struggling economy.
Fin 24- 14 February 2020 - click here

DA finds ‘dead cow, a victim of corruption virus’ on trip to Vrede dairy farm

“It is clear that the people of the Free State were robbed of R106 million under the watch of former premier Ace Magashule whose family members had close ties with the Guptas. The current provincial government appear to be intent on throwing more taxpayers’ money into a single plant in an attempt to justify the initial wasteful expenditure in order to protect their political head in Luthuli House.”The Citizen - 16 February 2020 - click here

Mkhwebane's birthday bash: 'Irregular' to host a guest she's investigating - civil watchdogs

Public Protector Busisiwe Mkhwebane's impartiality has been called into question after a former minister she is supposedly investigating Mosebenzi Zwane was among the guests at her 50th birthday party. News 24- 11 February 2020 - click here

Guardiola's future in doubt after Man City hit with UEFA ban

Pep Guardiola faces a huge test of his loyalty to Manchester City after his club were hit with a stunning two-year suspension from UEFA competitions on Friday.
Sport 24-15 February 2020 - click here

Lisbon freezes bank accounts of Angolan billionaire Isabel dos Santos

Portugal has ordered a freeze on bank accounts held in the country by Angolan billionaire Isabel dos Santos, who is accused of stealing state funds to build a colossal business empire.
Timeslive - 12 February 2020 - click here 

SONA2020: Ramaphosa's cannabis plan plants a brighter future

Last week’s State of the Nation Address (SONA) delivered by President Cyril Ramaphosa listed a number of encouraging initiatives to be undertaken by government in an effort to stimulate the country’s sluggish economy.  Business Report - 17 February  2020 - click here